Covid-19 second tsunami wave already started in Europe.Yesterday France 9,000+ case,Spain 4,000+ case, UK 3,000+ case, Europe 40,000+ case.India 97,000+ case new all time high.US increase back to 40k-45k case from last week 25k-30k.Worldwide case will peak during winter season in Europe and US tis coming Nov-Mar.

Supermax strong buying support from institutional investors and retail investors as its share price increase 20+% today even though no massive share buy backs from Supermax management unlike Top Glove share buy back almost RM100millions for 2 consecutive days.Strong fundamentals and excellent business model among all glove companies.

Worldwidwe demands of nitrile gloves are very high as new Covid-19 cases keep increasing in Europe.https://www.nst.com.my/world/world/2020/09/623679/europe-passes-us-again-become-global-covid-19-hotspot

Huge share buyback today by Supermax management... Good company with excellent management and fundamental

https://www.sfgate.com/shopping/article/what-do-do-about-upcoming-nitrile-glove-shortage-15557731.php

In the short run,Supermax share price is a voting machine but in the long run it is a weighing machine.Fundamentals ultimately will win over technical charts or emotions soon.

https://www.nst.com.my/business/2020/09/623539/singapore-airlines-plans-cut-around-4300-jobs

Large share buyback will increase investor confidence.Demand for gloves will not be affected much although vaccines available end of this year.Winter season starting Nov until March will definitely cause sharp increase in Covid-19 cases in US and Europe.

All glove counters making huge profits every quarter also lost >50% of their value.Media share price should be stable as the worst outcome already happen last financial year.

US case drops from peak 70k+ in Aug to 20k+ in Sept.Brazil case drops from peak 60k+ in July to 10k+ in Sept.

Supermax,Hartalega and Kossan share price already drop 40-45% from their highest price but Top Glove share price only drops 25% from its highest price.

Supermax,Hartalega and Kossan share price already drop 40-45% from their highest price but Top Glove share price only drops 25% from its highest price.

RI is almost certainty to raise billions of cash besides bank borrowings and private placement.Airlines business will only return to profitability earliest 2022/2023.

Already announced today Airasia will borrow another RM1.5billion and RM1billion rights issue by year end.Airasia post rights issue total shares will double and EPS and NTA will reduce 50%.

https://www.bharian.com.my/berita/nasional/2020/09/727833/media-prima-omnia-tawar-penyelesaian-bantu-syarikat-pks-terjejas

https://www.google.com/amp/s/www.cnbc.com/amp/2020/09/04/russian-coronavirus-vaccine-shows-no-serious-side-effects-lancet-says.html

https://www.google.com/amp/s/www.cnbc.com/amp/2020/09/04/russian-coronavirus-vaccine-shows-no-serious-side-effects-lancet-says.html

https://www.theedgemarkets.com/article/aax-served-rm95m-breach-contract-claim-uk

https://www.theedgemarkets.com/article/aax-served-rm95m-breach-contract-claim-uk

Media coming 3rd QR profitable due to increasing revenues from home shopping,digital media,publishing and advertising revenues compare to 2nd quarter.

Good news is regarding Airasia plans to raise cash at least 2 billions through rights issue,private placement or bank borrowings to continue operating until next year.Airasia plane maintenance and lease liabilities are extremely high RM16 billions and shareholder equity will turn negative coming 3rd QR in November

Airasia share price will remain low at least until rights issue completed end of this year.Next year recovery depends on how fast each country opens their international borders next year.

Comparing Airasia vs Supermax business is very illogical and irrational investment comparisons.Airasia has huge debts and will record quarterly losses until next year.Needs urgently to raise 2-3billons cash through rights issues and new bank borrowings before end of this year to sustain operations until next year.

Airasia only covers ASEAN countries whereas Supermax exports gloves to international markets Asia,Europe,Latin America and USA.Airasia is not going to be profitable next year and debts more than RM10billions and shareholder equity RM200million only and coming 3rd QR becomes negative shareholder equity

PKPP extends until 31st December 2020..No international flights allow for Airasia to other countries e.g Indonesia,Thailand,Philippines,Vietnam,Cambodia,Myanmar.Expect Airasia to lose another 1-1.5billion 3rd and 4th quarter.Needs to offer rights issues 3-5billions shares to raise at least RM1-2billions to survive until next year 2021

https://www.google.com/amp/s/www.bharian.com.my/node/725317/amp

https://www.nst.com.my/business/2020/08/620003/media-prima-narrows-losses-helped-transformation-plan

Media lowest revenue 2nd QR but lower loss by 40% compares to 1st QR.Almost all companies which records lower revenue in 2nd QR had much lower profits or higher losses.Media quarterly results will improve further in 3rd and 4th QR.

1st quarter loss RM30million vs 2nd quarter loss RM18million.Termination benefits of 300 staffs in June costs RM11.3million.If no termination benefits 2nd QR loss is RM6.7million.Coming 3rd QR will be better no more termination costs and economy better

Significant improvement 2nd QR compares to 1st QR net loss RM30million.3rd QR in November shall be another profitable quarter

Airasia has 14% shareholding in Airasia X.Airasia X posts RM305milion loss and negative RM960million shareholder equity.Net asset per share drops further to negative 23sen

2nd QR loss RM305million and shareholder equity negative RM960million.Net asset per share negative 23sen.Needs to raise cash through rights issue at least 1-2billion before end of this year

CGS CIMB - 4 billions rights shares at 35sen to raise RM1.4billions cash before end of this year

Net asset per share 61sen now and will reduce to 10-20sen after another huge losses coming 3rd and 4th quarter results.Post rights issue exercise end of this year will further reduce net asset per share and earning per share by 50%

Those who want to invest in Airasia needs to hv 50% funds to subscribe right issues and another 50% funds to buy current Airasia stock.

Airasia wil onlyl return to profitable result earliest by 2022.This year and next year financial results will record huge losses 3 billions (2020) and 1 billion (2021)

Rights issue within next 2-3months to raise at least 2-3 billions to survive until 2021.Earnings per share and net asset per share will drop 50% post rights issue end of this year.

2nd QR loss RM1.1billion,shareholder equity only left RM29million and cash flow burn RM1.6billion in 6 months.Needs to do rights issue soon before end of this year as shareholder equity will become negative in 3rd quarter result

Next week 2nd quarter result will record another huge loss at least 500 million and shareholder equity will increase from negative 864 million (1st quarter) to negative 1.2-1.3 billion (2nd quarter).Airasia X is in very critical condition and needs to raise cash at least 1 billion to stay afloat until end of this year.

Next week 2nd quarter result will be the worst at least 1 billion loss.Need to raise rights issue at least 2-3 billion before end of this year to stay afloat until next year.Earnings per share and net asset per share will reduce 50% after completion of rights issue end of this year.

Just prepare extra money for those plan to subscribe Airasia rights issue to raise another 2 billion to survive until Dec next year.This financial year loss at least 2 billion and next year another 500 million loss

Airasia X no more fundamental since its shareholder equity negative 864 million as of 31st March and losses tis year at least 1.5-2 billion.Needs at least 2 billion rights issue to avoid PN17 status next year

Airasia needs another 2 billion loan for next year operation.Airasia 14% shareholding in Airasia X will increase its financial losses burden since Airasia X is making huge losses and its shareholder equity is negative 864 million as of 31st March 2020

Aviation business will only return to pre-Covid 19 level in 2022/2023.At least 500 million cash burn in 2nd quarter and 1 billion loan only can sustain cash flow until December tis year.No international flights allow into and from Malaysia will drag Airasia into huge losses

Any outcome is possible pending 2nd QR release next 2 weeks.Advertising revenue from TV and digital media plus home shopping will show significant increase vs 1st quarterly result

Very robust and exciting business turnaround plan this year.Good 2nd QR release next 2 weeks.Target price upgrade by all analysts after upcoming 2nd QR release

https://www.nst.com.my/news/nation/2020/08/614870/pm-launches-nsts-175th-anniversary-exhibition

Coming 2nd QR should be between 10million profit and 10million loss excluding termination costs for 300 staffs effective 31st July

1st quarter loss RM30million.Media share price will move up when 2nd quarter result release next 2-3 weeks.Price will stagnant until 2nd QR release.

All analysts and fund managers target price for Media very low.Media 2nd quarter result within 3-4 weeks will push its share price to higher target price with increasing revenues and reducing expenditure until 4th quarter result